SHANGHAI—As Donald Trump’s political ambitions gained traction last year they derailed an opportunity for the real-estate mogul to establish a high-profile foothold in a Chinese property market that had eluded him for a decade.
The plan, according a former Trump Organization representative in China, was to put the Trump brand on a hotel in a Shanghai development that was conceived by an American investment group that included actor Robert DeNiro. The hotel will anchor a restoration off Shanghai’s riverfront Bund where…
Sentiment rank: 2
